US Bonds witnessing a decline in wall Street

US stocks fell on a 10-year rise in US Treasuries to 3 percent for the first time in four years, fueling fears of rising borrowing costs for companies already facing higher costs and quarterly results failing to set positive prospects.

The Dow Jones industrial average was down 424.56 points, or 1.74 percent, at 2,4024.13. The broader Standard & Poor’s 500 Index <.SPX> was down 35.73 points, or 1.34 percent, to end unofficially at 2,634.56.